Mixed-Use Property with
New
For Sale
$1,079,000
12200 W I-20, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size7,600 SF
Lot Size2.58 Acres
Price / SF$141.97
Days on Market3
Property Features for 12200 W I-20
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
T-2-S
Standard status
Active
Size
7,600 SF
Lot size
2.58 Acres
Taxes and HOA fees
Tax Description
2.577 acres out of 6.225 acres tract volume: 1333 pg 854 of: T-2-S BLK 43 SEC 43 (CARD #18)
Tax Annual Amount
15000
Legal Description
2.577 acres out of 6.225 acres tract volume: 1333 pg 854 of: T-2-S BLK 43 SEC 43 (CARD #18)
Building Details
Year built
2011
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Added: Oct 11
Last Checked: Oct 13 at 8:06PM
MLS# 50098946
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property brings together office space, a workshop, and three duplexes. The office and workshop areas include restrooms, and HVAC is installed. The residential buildings provide six rooms in total.
Located on W I-20 in Odessa, the property has highway frontage and interstate visibility. The site is fenced and accessed through a gate. A shared water well serves the property, with septic systems for the workshop and housing units.
Located on W I-20 in Odessa, the property has highway frontage and interstate visibility. The site is fenced and accessed through a gate. A shared water well serves the property, with septic systems for the workshop and housing units.
Key Highlights
- Three duplexes with six rooms total
- Workshop and office areas with restrooms
- Fenced site with gated access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,960
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,919,200
$1.9M
Cap Rate 7%
$1,370,857
$1.4M
Cap Rate 9%
$1,066,222
$1.1M
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$168.7K $22.20/SF
− Vacancy
−$15.2K −$2.00/SF
EGI
$153.5K $20.20/SF
− OpEx
−$57.6K −$7.58/SF
NOI
$96.0K $12.63/SF
Area
Odessa, TX
Vacancy
9.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,919,200
Cap Rate 7%
$1,370,857
Cap Rate 9%
$1,066,222
Alternative Uses
Best Use
Flex RnD
$11.05M
$9.67M – $12.89M
NOI $773,408 @ 7.0% cap · market cap 71.68%
Second Best
Industrial
$6.44M
$5.64M – $7.52M
NOI $451,030 @ 7.0% cap · market cap 41.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The site combines office space, a workshop, and three duplexes with shared water and septic service.
Where is this mixed-use property located?
The property is located at 12200 W I-20 Odessa, TX.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: Three duplexes with six rooms total; Workshop and office areas with restrooms; Fenced site with gated access
